New Online Shopping at Deals Online Australia

Broadbeach, Queensland Australia (PressExposure) January 13, 2012 -- New site opens on the internet using PayPal and Google checkout as its only preferred methods for transactions. While most people a hesitant using their credit card over the internet PayPal being a third party offers the consumer even greater security. It uses SSL security, the most secure and safe way to make a credit card transaction. It also offers buyer protection guarantee, and free automatic account insurance. When you make a purchase you will be directed to the PayPal site where you don't even need an account, but it does help if you do. If you have a PayPal account, you can add and withdraw funds in many different ways. You can associate your account with bank accounts or credit cards for more direct transactions, including adding and withdrawing money. Other withdrawal options include using a PayPal debit card to make purchases or get cash from an ATM, or requesting a check in the mail. Registering is free and transactions are also free and only take just a moment if you have an account. From there, PayPal asks for some basic personal information: your legal first and last name, address, telephone number and e-mail address. You'll also need to check the box indicating that you agree to PayPal's user agreement, privacy policy, acceptable use policy and electronic communications policy. Once you click to create your account, you'll receive an e-mail with instructions for verifying your account and confirming your address. What part does PayPal play in all this? Both buyer and seller deal with PayPal instead of each other. Both sides have provided their bank account or credit card information to PayPal. PayPal, in turn, handles all the transactions with various banks and credit card companies, and pays the interchange.

PayPal makes its own money in two ways. The first is the fees they charge to a payment's recipients. Though most transactions are free for the average user, merchants pay a fee on transactions. PayPal also collects interest on money left in PayPal accounts. All the money held in PayPal accounts is placed into one or more interest-earning bank accounts. An account holders doesn't receive any of the interest gained on the money while it sits in a PayPal account.